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Editorial<\/p>\n
[\/et_pb_text][et_pb_text content_tablet=”<\/p>\n
July has shown us that markets can adapt to new realities, even when these involve heightened uncertainty and unconventional trade policies. Over the past month, markets have weathered the announcement of landmark trade agreements between the US, EU, and Japan, providing much-needed clarity on tariffs and the direction of global commerce. While the new 15% tariff rates are certainly being felt, investor sentiment has remained resilient thanks to the reduced risk of a full-blown trade war and renewed commitments to cross-border investment and supply chain stability. <\/p>\n
Stronger-than-expected GDP and robust earnings, especially from technology leaders, helped to offset concerns about ongoing trade tensions. At the same time, central banks have taken a \u2018wait-and-see\u2019 stance, holding rates steady as they monitor how these evolving policies are feeding through to inflation and growth. <\/p>\n
Not all economies have received equivalent treatment. Switzerland, for example, is contending with steep US tariffs, though the overall impact is softened by exemptions on key exports and the strength of the country\u2019s institutions. Meanwhile, investor appetite for risk remains strong, with high-volatility stocks outpacing their more defensive peers: a sign that opportunity is being embraced over caution, at least for now. <\/p>\n
We hope you enjoy reading these updates and find them helpful for the month ahead.<\/p>\n
” content_phone=”<\/p>\n
July has shown us that markets can adapt to new realities, even when these involve heightened uncertainty and unconventional trade policies. Au cours du dernier mois, les march\u00e9s ont r\u00e9sist\u00e9 \u00e0 l\u2019annonce d\u2019accords commerciaux majeurs entre les \u00c9tats-Unis, l\u2019UE et le Japon, apportant la clart\u00e9 tant attendue sur les tarifs et la direction du commerce mondial. Bien que les nouveaux taux de tarifs de 15% se fassent sentir, le sentiment des investisseurs demeure robuste, gr\u00e2ce \u00e0 la diminution du risque de guerre commerciale et aux nouveaux engagements en faveur de l\u2019investissement transfrontalier et de la stabilit\u00e9 des cha\u00eenes d\u2019approvisionnement. <\/p>\n
Stronger-than-expected GDP and robust earnings, especially from technology leaders, helped to offset concerns about ongoing trade tensions. At the same time, central banks have taken a \u2018wait-and-see\u2019 stance, holding rates steady as they monitor how these evolving policies are feeding through to inflation and growth. <\/p>\n
Not all economies have received equivalent treatment. Switzerland, for example, is contending with steep US tariffs, though the overall impact is softened by exemptions on key exports and the strength of the country\u2019s institutions. Meanwhile, investor appetite for risk remains strong, with high-volatility stocks outpacing their more defensive peers: a sign that opportunity is being embraced over caution, at least for now. <\/p>\n
We hope you enjoy reading these updates and find them helpful for the month ahead.<\/p>\n
” content_last_edited=”on|phone” _builder_version=”4.27.4″ text_font=”|300|||||||” text_text_color=”#6F757D” text_font_size=”21px” text_line_height=”1.4em” background_size=”initial” background_position=”top_left” background_repeat=”repeat” text_orientation=”justified” min_height=”377.2px” custom_margin=”||16px|||” custom_padding=”||0px|||” global_colors_info=”{}”]<\/p>\n
July has shown us that markets can adapt to new realities, even when these involve heightened uncertainty and unconventional trade policies. Over the past month, markets have weathered the announcement of landmark trade agreements between the US, EU, and Japan, providing much-needed clarity on tariffs and the direction of global commerce. While the new 15% tariff rates are certainly being felt, investor sentiment has remained resilient thanks to the reduced risk of a full-blown trade war and renewed commitments to cross-border investment and supply chain stability. <\/p>\n
Stronger-than-expected GDP and robust earnings, especially from technology leaders, helped to offset concerns about ongoing trade tensions. At the same time, central banks have taken a \u2018wait-and-see\u2019 stance, holding rates steady as they monitor how these evolving policies are feeding through to inflation and growth. <\/p>\n
Not all economies have received equivalent treatment. Switzerland, for example, is contending with steep US tariffs, though the overall impact is softened by exemptions on key exports and the strength of the country\u2019s institutions. Meanwhile, investor appetite for risk remains strong, with high-volatility stocks outpacing their more defensive peers: a sign that opportunity is being embraced over caution, at least for now. <\/p>\n
We hope you enjoy reading these updates and find them helpful for the month ahead.<\/p>\n
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Investment Specialist<\/p>\n
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Partner Senior Financial Advisor<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.0″ _module_preset=”default” custom_padding=”11px|||||” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.22.1″ text_font=”|300|||||||” text_font_size=”21px” text_line_height=”1.4em” header_font=”|700|||||||” header_font_size=”45px” background_size=”initial” background_position=”top_left” background_repeat=”repeat” min_height=”52px” custom_padding=”||2px|||” global_colors_info=”{}”]<\/p>\n
<\/p>\n
[\/et_pb_text][et_pb_blog_extras use_category_filterable_blog=”on” posts_number=”3″ filterable_category_background_color=”#2D3654″ filterable_active_category_background_color=”#628CE0″ read_more_text=”Lire plus” show_author=”off” category_meta_colors=”on” show_comments=”off” show_read_time=”on” read_time_text=”min. de lecture” _builder_version=”4.22.1″ _module_preset=”default” filterable_category_font=”|300|||||||” filterable_category_text_color=”#FFFFFF” filterable_category_font_size=”17px” active_filterable_category_font=”|300|||||||” active_filterable_category_text_color=”#FFFFFF” active_filterable_category_font_size=”17px” header_font=”||||||||” header_text_color=”#2D3654″ header_font_size=”31px” body_font=”|300|||||||” body_font_size=”19px” body_line_height=”1.4em” meta_text_color=”#628CE0″ meta_font_size=”18px” global_colors_info=”{}”][\/et_pb_blog_extras][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"
July has shown us that markets can adapt to new realities, even when these involve heightened uncertainty and unconventional trade policies.<\/p>\n","protected":false},"author":3,"featured_media":43580,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[44],"tags":[],"class_list":["post-43599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-point-sur-les-marches"],"yoast_head":"\n